PAVE Space Secures $40M to Revolutionize Satellite Transfers in Record Seed Funding

Swiss startup PAVE Space has successfully raised $40 million in one of Europe's largest seed rounds to develop orbital transfer vehicles. Founded by engineering trio Julie Böhning, Jérémy Marciacq, and Simon Both, PAVE aims to reduce satellite repositioning time from months to under 24 hours. The funding will support hardware development for an in-orbit demonstration, addressing critical last-mile logistics in space.